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Draghi and the European Central Bank Drop The Policy Ball

By: HaleStewart

For the last several months, economists have been commenting more and more on the heightened possibility of eurozone deflation. They have pointed to the nearly halving of the year over year inflation rate over the last 12 months as primary evidence. Unfortunately for the EU, the latest policy announcement from the ECB indicates the bank is falling behind on this front. Let's look at where Draghi gets it wrong by looking at the key phrase from his policy announcement Underlying price pressures in the euro area are expected to remain subdued over the medium term. Read more

XE Market Analysis: North America - Feb 06, 2014

By: XE Market Analysis

The USD is marginally firmer versus the other currency majors after quite session in Asia and the European AM. Stock markets saw a further recovery, though market participants were being cautious ahead of the ECB and BoE announcements, both of which may bring market-moving statements, and with tomorrow's U.S. Read more

XE Market Analysis: Europe - Feb 06, 2014

By: XE Market Analysis

The main currencies are showing little net change from Wednesday's London closing levels, though the AUD popped higher on a set of firm Australian data. USD-JPY and EUR-JPY are fractionally higher at 101.48-50 and 137.24-26, with the backdrop of steady stock markets having brought a halt the recent firming trend of the yen. Read more

US ISM Reports Point To Stronger Economy

By: HaleStewart

The last two quarters of GDP reports for the US have been very bullish with prints of 4.1% and 3.2%. However, recent data has left the markets concerned. Durable goods orders recently dropped, the housing sector is slowing and auto sales dropped more than expected. Read more

XE Market Analysis: Asia - Feb 05, 2014

By: XE Market Analysis

The dollar was mostly rangebound in a choppy FX session in N.Y. on Wednesday. A slightly softer ADP jobs print had little immediate impact, nor did an in-line non-manufacturing ISM outcome. Equities traded erratically on either side of flat through the session, along with the greenback. Read more

Is the Oil choke collar releasing?

By: New_Deal_democrat

For over half a decade, the price of gas has acted like a governor, or choke collar, on the US economy. Whenever growth accelerated, the price of gasshot up near or over $4 a gallon, causing consumers to cut back on other purchases. The economy slowed, the price of gas fell, and the cycle started again. Until the last six months. Read more

XE Market Analysis: North America - Feb 05, 2014

By: XE Market Analysis

The USD and other main currencies were in consolidation mode as the risk aversion theme took a breather with the help of positive surprises on the corporate earnings front and amid market expectations for a decent U.S. jobs report this Friday. EUR-USD continued its oscillation around the 1.3500 level and USD-JPY was settled around 101.20 after drifting lower from the Tokyo-session peak of 101.76. Read more

XE Market Analysis: Europe - Feb 05, 2014

By: XE Market Analysis

Not a lot of net movement among the main currencies since the London closing on Tuesday, though GBP has managed to hold firm following the strong construction PMI yesterday while the NZD popped higher after a solid employment report out of New Zealand. Read more

XE Market Analysis: Asia - Feb 04, 2014

By: XE Market Analysis

Markets calmed some on Tuesday, taking Wall Street higher, though nowhere near making up for Monday's losses. The U.S. calendar was light, with just December factory data on tap, which was weaker than expected. The dollar managed to rally modestly however, as EUR-USD dipped briefly under 1.3500, and USD-JPY moved over 101.50, up from overnight lows near 100.75. Read more

The "Problem" Emerging Markets All Have Have One Thing In Common: Inflation

By: HaleStewart

Consider the following chart: Read more

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